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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (7626)9/4/1999 5:05:00 PM
From: Crimson Ghost  Read Replies (1) of 81271
 
Searle:

If you are right about the CBs accepting cash for their gold loans, the game is even more rigged in favor of the shorts than I had thought. What this means is that if gold goes up the CBs will let the shorts off the hook very cheaply. But if gold goes down then the CBs will accept gold.

Does this not involve GIVING national assets away to the short speculators via a rigged game in which they cannot lose?


Any CB official who would countenance such a scheme probsbly is taking big payoffs from the bullion banks.
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